Yaz Lawsuit We have received reports that Bayer announced to its stockholders in a recent new letter that it has paid out one hundred and forty two million dollars thus far to settle a portion of the outstanding Yaz Lawsuits. The current amounts paid out to settle Yaz Lawsuit cases comes out to an average of around two hundred and eighteen thousand dollars per Yaz Lawsuit settled. The sequence of events so far has been that Bayer agreed to pay our one hundred and ten million dollars to settle the first 500 cases.
Currently it has been reported that Bayer faces around 11,900 Yaz Lawsuits accounting for around 14,000 Yaz and Yasmin Lawsuit plaintiffs. Yaz Lawyers continue to file new Yaz Lawsuits on behalf of plaintiffs as the the time limit for filing a Yaz Lawsuit has not expired. At this point it is unknown how much Bayer will pay out in total to settle every Yaz Lawsuit it currently faces.
Even in the face of these huge Yaz Lawsuit settlements, Bayer Healthcare still reported profits and sales in the first quarter that were higher than analyst expected. In 2010 along Bayer reported sales of over one billion five hundred million dollars in birth control product sales alone.
Despite the announcement to Bayer Stockholders and the massive yaz lawsuit settlement payouts, Bayer still takes the position that it has done nothing wrong. This is in the face of the fact that research shows that birth control pills like Yaz, containing drospiredone can triple the risk of blood clots and Bayer did not warn the public adequately about this risk.
The current Yaz Lawsuit is not the first time Bayer has faced Yaz Lawsuits. The FDA has sited Bayer for improper marketing tactics previously and numerous Yaz Lawsuits were brought in previous years including a large number of wrongful death lawsuits.
Some stock analyst predict that Bayer may have to pay out as much as or more than two billion six hundred and sixty five million dollars to settle the entire Yaz Lawsuit docket it faces. These estimates could easily be low in that Yaz was and still is one of the bestselling birth control pills of all time. Millions of women have taken Yaz and it is not possible to put an accurate figure to how many women who were injured by Yaz have Yet to file a Yaz Lawsuit or even talk to a Yaz Lawyer.
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